JAKARTA (rambuenergy.com) – Business delegations from Taiwan have expressed their interest to relocate some of their companies in four industries, namely steel, electronics, shipping and refineries to Indonesia.
“They come as trade representatives from Taiwan. They convey messages that they would relocate a number of their industries to Indonesia,” said Director General for Metal Industry, Machines, Transportation Equipment and Electronics at Industry Ministry I Gusti Putu Suryawirawan.
He made the statement after meeting with Taiwanese trade delegations.
One company, Taiwan China Steel has agreed to team up with PT Artha Metal Synergi to build a metal plant. The signing of agreement is scheduled to be held today (Sept. 1).
On Monday, Arima communications Corporation signed cooperation agreement with PT TIphone Mobile Indonesia Tbk to manufacture smartphones in Indonesia in Delta Silicon, Cikarang, West Java.
Both parties will set up a joint venture, in which Tiphone will hold 55 percent and Arima 45 percent, said Lili Salim, CEO of Tiphone.
Data from the National Investment Coordinating Board (BKPM), Taiwan’s investment in Indonesia in the first half 2015 reached US$85 million, up 12.5 percent from the same period last year.
Chairman of Indonesian Industry and Commerce (Kadin) Suryo B. Sulisto said Indonesia should take advantage of the Taiwanese businesses offer. He warned that the Foxconn case could happen again if Indonesia failed to take this opportunity. Earlier, Foxconn expressed interest to produce electronic goods and gadgets in Indonesia. However, later Foxconn decided to move to India. (*)